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599 Spring Street, Manchester, CT 06040

3 beds • 3 baths • 2623 sqft

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This property looks like a bad Airbnb investment with a projected -18.63% first-year return on $135k initial cash invested.

-18.63%

Cash On Cash

1.99%

Cap Rate

0.32

DSCR

$3,598

Rent

-$2,092

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,598 income − $5,690 expenses = $2,092 out of pocket

Income$3,598Out of Pocket$2,092Mortgage P&I$2,87180%Property Taxes$89925%Insurance$1925%Management$54015%CapEx$1444%Maintenance$1444%Other$90025%

Investment Breakdown

|

Purchase Price

$556k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$111k

Closing costs

1%

$5,559

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,598

Total Expenses

$5,690

Mortgage P&I

80%

$2,871

Property Taxes

25%

$899

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$540

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$900

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